Tamarack Valley Energy Ltd Announces Monthly Dividend of $0.01 (TSE:TVE)

Tamarack Valley Energy Ltd (TSE:TVE) declared a monthly dividend on Tuesday, October 15th, TickerTech reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.0125 per share on Friday, November 15th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, October 31st.

Tamarack Valley Energy Trading Down 3.0 %

TSE:TVE opened at C$3.89 on Thursday. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. Tamarack Valley Energy has a one year low of C$2.76 and a one year high of C$4.34. The company has a market cap of C$2.12 billion, a PE ratio of 16.91 and a beta of 2.49. The firm has a 50-day moving average of C$3.96 and a 200-day moving average of C$3.85.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.17 EPS for the quarter. The firm had revenue of C$382.98 million during the quarter. Tamarack Valley Energy had a return on equity of 5.94% and a net margin of 8.66%. As a group, equities research analysts expect that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. National Bankshares lowered their price target on Tamarack Valley Energy from C$7.25 to C$6.75 in a research report on Friday, September 27th. BMO Capital Markets upgraded shares of Tamarack Valley Energy from a “market perform” rating to an “outperform” rating in a report on Friday, October 4th. Desjardins set a C$5.00 price target on shares of Tamarack Valley Energy and gave the stock a “buy” rating in a report on Tuesday, June 25th. Finally, CIBC upped their price objective on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a research report on Monday, July 15th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$5.03.

Insider Buying and Selling

In related news, Senior Officer Christine Ezinga bought 13,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of C$3.99 per share, for a total transaction of C$51,870.00. Over the last 90 days, insiders purchased 28,173 shares of company stock worth $107,945. Insiders own 1.32% of the company’s stock.

About Tamarack Valley Energy

Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in Cardium light oil plays in Wilson Creek/Alder Flats/Pembina, and Garrington and Lochend areas in Alberta; Viking light oil resource plays in Redwater and Westlock in Alberta, as well as in the Consort area of southeast Alberta and Hoosier area of southwest Saskatchewan; Barons Sands light oil plays located in the Penny area of Southern Alberta; and heavy oil properties located in Hatton area of Saskatchewan.